Inside information: Nokian Tyres plc to invest in a greenfield factory in Romania, the first zero CO2 emission factory in the tire industry
Nokian Tyres plc, Inside information, November 1, 2022 at 11.30 a.m. Nokian Tyres’ Board of Directors has made a decision to invest in a new passenger car tire factory in Romania. The new greenfield factory will be located in Oradea in the North-West of Romania, near the Hungarian border. The annual capacity of the factory will be 6 million tires with an expansion potential in the future. The site will also house a distribution facility for storage and distribution of tires. The total investment is estimated to be approximately EUR 650 million. Construction is scheduled to begin in early